The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-12-09
THE ooFFEE TRADE.
The Price on tho Increase, Causing q
Falling on In Consumption.


Falling on in Consumption.
From the st. Louis Republican.
Dealers in coffee in st. Louis are not en-
joying very heavy trade in that staple ut
present. The recent advance has had a
tendency TO make buyers hold of, in the
hope that a reaction was no, far of. but
this seemed to be forlorn hope. Coffee
today is fully l cent higher than II was
ten days ago. Prices are steady, aud job.
bers do not look for any change for some
time. II is well known that the stiffening
OF prices OF coffee was caused by the short
age 81 the current years crop, aided by
speculative movement in New York. Six
teen months ago fair grades OF coffee were
sold in this market by the jobbers
for cents per pound, while the price now
is IL cents, and some dealers quote as
high az Is cents. In the east general
improvement is reported In the market,
which developed since Tuesday OF last
week, and with the gradual elimination OF
the boarish tendencies values have shown
n hardening tendency. Tho frmer con-
dition Of the market appears TO be due 10
the most pronounced bullish feeling in
Europe and stronger adyices from Brazil,
both Of which influences have been re.
Elected in the steady upward movement Of
option values. The improved temper OF
the European markets Is said Ia bc in con-
sequence Of the liquidation Of ocnsdern-
bic long interest, which previously had
been an unscttling feature, while the
brncing up in Rio and Santos u, no doubt,
the reflection OF the more encouraging adj
vices received from this country, a. well
rs Europe, aud heavy purchases In Santos
for European account.
Cable advice from Rio have been with
out feature, exccp, that they indicate tho
firmer tone OF that market. Receipts con-
tinue light, and further shipments 10 this
country aud Europe have made no inroad
upon stocks, which are now reduced b.
2Ss, 900 bags. That receipts do not increase
at this season of the year, In view Of the
heavy Weld that Is fofeshadowcd from the
next crop Is considered a good indication
that supplies are not held back, ~ some
have claimed, for planters have every in
ducement 10 market their supplies in order
that they may reap the advantage Of tho
comparatively high prices that now pre-
vail.
As the supply IL short the consumption
has decreased very largely, and u IL
hardly probable that prices will change
materially for some months. The apparent
consumption Of the country for the past
eleven months, ~ indicated by the ware
house deliveries nj all seaports, was 2,0i7,-
600 bags, ~ against 1885, lS3 bags Tor the
year 1885, and 2,s7s,57i bags for 1885.
These figures indicate that the consump-
ton thus far for 1857 is nearly 5000 bags
less than 1885 aud over S0O, 900 bags lcss
than 1885.
81. Louis jobbers supply vast territory
in the north, west and southwest with cof-
fee, mostly Rio, Java and santos. Jobbers
claim that their trade has been materially
increased by the interstate commerce law,
which enables them 10 occupy territory
that was cut OF from them prior TO the en-
nctmcnt OF this measure by high freight
tariffs. About one-third Of the coffee sold
in this market is roasted by the jobbcrs.
One well known firm roasis POO bags per
day,